Question
Record the following transactions on the books of Crane Company (Omit cost of goods sold entries.)...
Record the following transactions on the books of Crane Company
(Omit cost of goods sold entries.) (Credit account
titles are automatically indented when amount is entered. Do not
indent manually.)
| (a) | On July 1, Crane Company sold merchandise on account to Stacey Inc. for $25,200, terms 4/10, n/30. | |
| (b) | On July 8, Stacey Inc. returned merchandise worth $2,500 to Crane Company. | |
| (c) | On July 11, Stacey Inc. paid for the merchandise. |
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